🗞️ Daily Business Brief – MAR 01 2025
- India GDP Update FY27 growth projected at 7%–7.4% under new GDP series; Q3 GDP grows 7.8% under new base year; FY26 estimate raised to 7.6%.
- OPEC+ Output Decision OPEC+ agrees in principle to raise output by 2.06 lakh barrels/day (206,000 bpd) for April: Bloomberg & Reuters sources.
- Strait of Hormuz Crisis Ships avoid Hormuz after US & Israel strikes on Iran; Iranian media says waterway is “practically closed,” tankers halting or rerouting.
- Rice Export Advisory Indian Rice Exporters Federation cautions against new CIF contracts to Iran & Gulf amid West Asia conflict and shipping risks.
- Middle East Exposure Stocks L&T, Welspun Corp, VA Tech Wabag among firms with significant Middle East project exposure.
- Bharat Coking Coal (BCCL) Raw coal production flat at 3.50 mt (YoY); Coking coal down 1.6% at 3.26 mt; Non-coking up 30% at 0.24 mt; Offtake down 28.7% at 2.16 mt.
- Hero MotoCorp – Feb Sales Total sales at 5.58 lakh units vs poll 5.20 lakh; up 43.8% YoY; domestic up 44.7%; exports up 34%.
- Bharti Airtel & Google Partnership to enhance spam protection via secure RCS messaging platform in India.
- Middle East Airspace Closure Emirates, Qatar Airways, Etihad suspend flights; Indian airlines cancel ~230 Gulf-bound flights amid regional escalation.
- GST Collections – February Total GST collections up 8.1% at ₹1.83 lakh crore.
- US Uses Anthropic AI Report says US military used Anthropic’s Claude AI in Iran strikes despite prior restrictions.
- Adani – Haifa Port Update Haifa Port confirms employees safe; operations continue in coordination with authorities.
- Eicher Motors (Royal Enfield) Total sales at 1 lakh units (up 11% YoY); 350cc models up 16%; >350cc models down 14%.
- Tata Motors CV – Feb Total sales at 42,940 units vs poll 41,600; up 32% YoY.
- TVS Motor – Feb Total sales at 5.29 lakh units vs poll 5.10 lakh; up 31% YoY; EV sales up 60%; 3W sales up 77%; highest-ever international biz at 1.58 lakh units.
- VECV (Eicher Motors) Total sales up 23.4% at 9,986 units (YoY).
- Export Disruption Warning FIEO warns of shipping disruption; long-term impact if Hormuz & Red Sea remain blocked.
- Hyundai Motor – Feb Highest-ever Feb sales at 66,134 units; up 12.6% YoY; exports up 24.8%.
- Tata Motors PV – Feb Total sales at 63,331 units vs poll 64,300; up 35.3% YoY.
- Polymarket Bets Over $529M traded on US-Iran strike bets; six accounts reportedly made $1M profit.
- Escorts Kubota Tractor sales up 20.4% at 10,339 units (YoY).
- GAIL Management Change Sandeep Kumar Gupta retires as CMD; Deepak Gupta assumes charge from March 1.
- LPG Price Hike 19 kg commercial LPG cylinder price in Delhi raised by ₹28 to ₹1,768.5.
- Container Pile-Up at Indian Ports Over 2,300 containers stuck at JNPT & Mundra; shipments to Dubai, Iran, Kuwait, Sharjah & Doha impacted.
- VST Tillers Total power tiller & tractor sales up 36% at 4,435 units (YoY).
- SML Isuzu (Mahindra) Total sales up 17% at 1,503 units (YoY).
- M&M Auto & Tractor Auto sales at 97,177 units (up 18% YoY); domestic PV up 19%; exports up 11%; tractor sales up 34% at 34,133 units.
- Maruti Suzuki – Feb Total sales at 2.13 lakh units (up 7.3% YoY); domestic PV up 0.6%; exports surge 56.5%.
- Frozen Cargo Stuck Over 300 containers of perishable goods stuck at JNPT due to vessel delays & Iran conflict escalation.
- PM Modi Security Meet PM Modi to chair high-level security meeting amid West Asia war backdrop.
- Global Shipping Alert Japanese shippers suspend Persian Gulf operations; CMA CGM instructs vessels to seek safe shelter.
- Adani Wind Expansion Adani Group to manufacture India’s longest 91.2m wind turbine blade under localisation push.
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